Abstract

Citations (13)

Footnotes (324)

Using the URL or DOI link below will
ensure access to this page indefinitely

Based on your IP address, your paper is being delivered by:

New York, USA

Processing request.

Illinois, USA

Processing request.

Brussels, Belgium

Processing request.

Seoul, Korea

Processing request.

California, USA

Processing request.

If you have any problems downloading this paper,please click on another Download Location above, or view our FAQFile name: SSRN-id1403517. ; Size: 516K

You will receive a perfect bound, 8.5 x 11 inch, black and white printed copy of this PDF document with a glossy color cover. Currently shipping to U.S. addresses only. Your order will ship within 3 business days. For more details, view our FAQ.

Quantity:Total Price = $9.99 plus shipping (U.S. Only)

If you have any problems with this purchase, please contact us for assistance by email: Support@SSRN.com or by phone: 877-SSRNHelp (877 777 6435) in the United States, or +1 585 442 8170 outside of the United States. We are open Monday through Friday between the hours of 8:30AM and 6:00PM, United States Eastern.

Strengthening International Regulation Through Transnational New Governance

A new kind of international regulatory system is spontaneously arising out of the failure of international "Old Governance" (treaties and intergovernmental organizations) to adequately regulate international business. NGOs, business firms and other actors, singly and in novel combinations, are creating innovative institutions to apply transnational norms to business. These institutions are predominantly private, and operate through voluntary standards. We depict the diversity of these new regulatory institutions on the "Governance Triangle," according to the roles of different actors in their governance. To analyze this complex system, we adapt the domestic "New Governance" (NG) model of regulation to the international setting. "Transnational New Governance" (TNG) potentially provides many benefits of NG, and is particularly suitable for international regulation because it demands less of states and IGOs. However, TNG requires states and IGOs to act as orchestrators of the regulatory system, which currently suffers from a significant orchestration deficit. By expanding “directive” and "facilitative" orchestration, states and IGOs could strengthen high-quality private institutions, improve the international regulatory system and better achieve their own regulatory goals.